help please

sandraa_2

Hello there.

We are first time buyer and just about to buy a £250000 3bed-house in Surrey.

Well well well... we started the journey mid febuary when I first visited that house. House price were not falling then and after waiting 3 years for a crash we had just given up on hope and were thinking it would now reamain stable.

BUT of course you all know what the headlines have been in the last few weeks... crash crash crash is likely to be on its way.

We should probably pull out and wait another few years to buy, BUT well we like the house and are about a week from exchanging contract...

What if price don t fall around here? People here saying that we are close to Terminal 5, area is in expension...

Will we never buy?

Please need some advise, comment, support!

Sandra

Dan_Collins_2

If you plan to live in this house long term then really you have to forget prices going down and pay what you think is a fair price. If you think your will live in the property for just a few years then you may lose maoney!

badrol

We are trying to buy a house in Dubai to live in it, and although the 'bubble' has yet to burst here - and we waited three years so far, we came to exactly the same conclusion.
Prices will go up again at the end of the economic cycle, as they always have, no?